Jeremy Middleton.

ISSUED ON BEHALF OF MIDDLETON ENTERPRISES

29/11/2013

Jeremy Middleton, Chief Executive of Middleton Enterprises and Board Member of the North East LEP, said: “The key announcement for me will be an update on the creation of a new, national business bank. The North East is an extremely enterprising region, with strong exports. One of the main constraints of growth in the area is the lack of available finance for business owners who want to invest and grow their companies and difficulties in accessing traditional overdrafts for working capital.

“I would like the Chancellor to take this opportunity reassure North East entrepreneurs that a reasonable amount of available finance from the business bank goes into SMEs in the regions.”

ENDS
CONTACT: Lauren Pyrah on 01325 363436
Notes to Editors:

Middleton Enterprises Ltd is a private investment company that has made a substantial contribution to the North East’s economy by investing in and providing business advice to entrepreneurial businesses.

During recent years, it has supported a number of North East businesses, generally from start-up, usually taking a minority stake and offering strategic advice to support growth.

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